Breakingviews: Old dog, new tricks for Apple

Carl Icahn's proving that you can teach an old dog new tricks the 77 year old billionaire raider turned activist took to Twitter during the trading day yesterday. Tweeted that he had a big stake in apple which sent the shares soaring. He's got big ideas for big company what what what exact bouncing ideas are simple like simple ideas -- that the key to what happened he he basically said applicant too much cash give it back. Yeah so it is not the first person -- that at first -- it still -- reasonable thing to say the company had you know it's got about a 130 billion dollars as. Net cash on its books it's giving back a lot of cash to its investors hundred billion Europe and by the 2015. It's the give back more because even after can expect that hundred billion the company may not make much of it -- -- -- And does apple really need that much right now why does that mean what I have sort of fascinated by the idea that a 140 characters turned into twenty billion dollars but. Vote for me especially because they say they've given back a lot of money they'd be pretty much suggested they're gonna give back more at some point. I mean I guess is the speed at which I -- saying this needs to be done as part of it right yet he said he would become Asians aren't and -- -- 250 billion. Our stock which is which is you know if there isn't a -- picked out there. Feature filtering out spreads and it -- crack open except com. However you know because he's got a reputation going to these and and being distant and joint pain. The company may say okay let's just up the -- why does the markets find this so credible given yet and you point out I mean obviously he talked about having a big -- equipment that is abortion transported -- wanna -- billion -- about that but that's a lot for him I mean in a 500 billion dollar company and it's not long it's negligible. That the problem with Carl -- as he carries that -- make fun. And he has a reputation of being pitched like -- -- -- any pain -- could he do that dealt. He's he has a history of going to these companies and just in just raising once again we are welcome to do it means us Tim Cook says thanks a lot Karl. We kind of feel like we've got our cash situation figured out what is zero proxy fight -- -- -- -- -- an excellent it always does not have that much sway of the company. However it is in the company's interest to do that because it. Investors that they are giving him any benefit for the for the cash pile they have the company trades eight times earnings. If you try to catch that means investors and citizens can shrink and is less the less I mean sense that there was some point thinking. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Where there actually do that something the pipeline and found it -- won a buyback that stock because it you know the odds are it's gonna treat much higher after the profit and out all right we will keep an eye on the simple idea from Carl Icahn would back with more breaking -- tomorrow.

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